• Overview of DBS Bank Fixed Deposit

    DBS Bank fixed deposits are good financial tools to help you save and grow your money. These deposits offer competitive rates of interest. DBS fixed deposits offer freedom of liquidity and a range of deposit tenures which customers can choose from. These FD schemes offer good investment opportunities to customers who do not want to risk their savings and are looking for a steady growth of their money.

    Features and Benefits of DBS Bank Fixed Deposit

    • Low minimum deposit: You can open a Fixed Deposit account at DBS Bank by depositing a minimum amount of Rs.10,000.
    • Higher deposits mean higher returns: Higher your deposit amount, higher will be the returns you will earn at the end of the investment tenure.
    • Different tenures to choose from: You can choose your investment tenure as per your convenience. The tenure can range between 90 days and 5 years and above.
    • Choose your income payout: You can choose how you wish to receive your interest i.e. on a monthly, quarterly basis, or whether you want to re-invest the maturity amount again.

    Why should you invest in DBS Bank Fixed Deposit?

    Some of the reasons why you must invest in DBS Bank Fixed Deposit are given below:

    • Higher DBS interest rates are earned due to which you get higher returns.
    • You can choose the tenure for which you wish to invest in FD.
    • There are multiple interest pay-out options available.

    DBS Bank Fixed Deposit Interest Rate

    DBS Bank FD Rates for less than Rs.2 crore for General Public

    Tenure Interest Rate p.a. (General Public)
    90 days 2.50%
    91 days to 180 days 2.75%
    181 days to 269 days 3.00%
    270 days to less than 12 months 3.25%
    12 months to 375 days 4.05%
    376 days to less than 2 years 4.05%
    2 years to less than 2 years and 6 months 4.30%
    2 years and 6 months 4.30%
    2 years 6 months and 1 day to less than 3 years 4.30%
    3 years to less than 4 years 5.50%
    4 years to less than 5 years 5.50%
    Above 5 years 5.50%

    *The revised interest rates offered by DBS Bank on different fixed deposit tenures with effect from 29 October 2020.

    DBS Bank FD Rates for less than Rs.2 crore for Senior Citizen

    Tenure Interest Rate p.a. (Senior Citizen)
    90 days 2.50%
    91 days to 180 days 2.75%
    181 days to 269 days 3.00%
    270 days to less than 12 months 3.25%
    12 months to 375 days 4.05%
    376 days to less than 2 years 4.05%
    2 years to less than 2 years and 6 months 4.30%
    2 years and 6 months 4.30%
    2 years 6 months and 1 day to less than 3 years 4.30%
    3 years to less than 4 years 5.50%
    4 years to less than 5 years 5.50%
    Above 5 years 5.50%

    *The revised interest rates offered by DBS Bank on different fixed deposit tenures with effect from 29 October 2020.

    Who all can open a Fixed Deposit with DBS Bank?

    You can visit the DBS Bank official website where on the FD page you will find the ‘Apply Now’ option. Click on it and fill the application form and submit it. A relationship manager from the bank will get in touch with you and will assist you with the process of opening an FD account at DBS Bank. Also, online customers can open deposits of up to INR 99,99,999.99 instantly through online banking.

    FAQs on DBS Bank Fixed Deposit

    1. What is the minimum amount that can be used to open a Fixed Deposit with DBS Bank?

      The minimum amount required to open a short-term Fixed Deposit with DBS Bank is Rs.10,000 and thereby in multiple of Rs.1000.

    2. What is the maximum amount that can be fixed in the Fixed Deposit scheme of DBS Bank?

      The maximum amount that can be used to open a fixed deposit account is Rs.1 Crore. Any deposit which is more than this amount is to be approved by the bank and involves additional paperwork.

    3. What is the minimum and maximum deposit period available for Fixed Deposits of DBS Bank?

      The minimum period for which customers can get fixed deposit is 90 days while the maximum deposit tenure offered is 10 years.

    4. Can I avail a loan from DBS Bank against my fixed deposit with the bank?

      No. Loans cannot be sought from DBS Bank against fixed deposits held with the bank. However, it depends on the sole discretion of DBS bank.

    5. Are special rates offered to senior citizens on FD schemes of DBS Bank?

      No. Special or higher rates of interest are not offered to senior citizen deposit holders of DBS Bank.

    6. Does DBS Bank offer credit cards against fixed deposit held by DBS customers?

      No. Currently the bank does not offer credit cards against deposit schemes held by customers.

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    DBS BANK FD Reviews

    • review
      "FD with DBS"
      0.5 5.0/5 "Blown Away!"
      With DBS it was a hassle free experience. As for my fixed deposit the rate of interest which they are providing is 6.5% to 7%. There is no charges or penalty for the withdrawal with the maturity period.The interest will be estimated depend upon the tenure which we are choosing for.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 25, 2018
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